Beaxy Review 2019: Guide to This Exchange, Is it Safe? All Pros & Cons

It’s supposed to be a simple and intuitive way of trading, and, reportedly, it increases your win rate by 63%. However, it means you’ll have to rely on the judgment of whoever sends you these matches – a bot, most likely. Despite these features, Beaxy has a number of challenges to overcome, for example the Loyalty Reward Program is not available to residents of the US, while fiat transfers still haven’t been enabled. You can use the “Take pictures with Smartphone” feature, and both a Driving License and National ID must have both sides uploaded. Smartphone users can click the link at the bottom of the panel to get further instructions via email on how to proceed.

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  • In summary, we think the Beaxy exchange and trading platform would serve most crypto traders well, but it is far from the best.
  • After clicking on the link provided in the verification email, you will be asked to log into your account.
  • Unlike Binance, Beaxy will not reduce the trading fee discount over time, meaning that you will not pay more the longer you use the exchange.

Binance admits that it willfully failed to establish, implement, and maintain an effective anti-money laundering program by, among other things, failing to perform Know Your Customer (KYC) on a large number of its users. This meant that Binance allowed a range of illicit actors to transact freely on the platform, damaging the integrity of the financial system. FinCEN’s investigation beaxy exchange review revealed that Binance also failed to mitigate the risks of anonymity-enhanced cryptocurrencies that allowed its users to obscure information about the origin and destination of transactions. This allows Beaxy to provide solutions for high frequency traders and the platform is designed to scale and is already able to handle 225,000 transactions per second.

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After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy. Beaxy offers several different order types in addition to regular limit and market orders, including Limit IOC, Limit FOK, Take Profit, and more. Simply download and install the platform and set the parameters/criteria you want to automate your trades and then let Hummingbot do the rest.

  • This means that when you make the first deposit you will double your capital immediately and all of it is yours to trade with.
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  • This platform lets all traders automate their trades on the exchange and use market-making strategies and other advanced strategies through the easy-to-use interface.
  • De Kerangal’s brief, lyrical novel, first published in France in 2012 and newly translated by Jessica Moore, follows a young Russian conscript named Aliocha on a trans-Siberian train packed with other soldiers.

Our first impression was very positive, and we’re excited to share our findings below. CaptainAltcoin.com does not offer any sort of financial or investment advice. Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development.

Beaxy Exchange Review 2023: Is It Legit and Secure?

However, if you can’t find an answer then just head straight over to their support ticket form or live chat and they will give you an instant answer. She specializes in developing low latency enterprise applications with extensive experience in Agile methodologies. She also has over 10 years of experience with technologies like Core Java, J2EE, AngularJS, JavaScript, Hibernet, and RESTful Web Services. The Beaxy team is already pretty big and has 25 full-time employees and 25+ halftime contributors all over the world. The exchange team contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. Second, click “withdraw crypto” or “withdraw fiat” in the left menu depending on your preferred withdrawal currency.

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The exchange uses two-factor authentication (2FA) and is compatible with both Google and Authy Authenticators. The platform is also pioneering a security practice known as “IP whitelisting”, a system that can even protect users that have added their username and password into a Beaxy phishing site by blocking an attacker if his IP does not match the one of the actual owners of the account. However, if you decide to transfer digital assets, the amount can be even smaller.

Beaxy Withdrawal Fee

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Is Beaxy Suitable for Beginners?

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To start the KYC verification process, click on your name and select KYC in the drop down menu. Beaxy is operated by Beaxy Digital, Ltd, which is a company registered in St. Kitts & Nevis in the Caribbean Islands. The team behind the exchange is transparent in nature and contains CEO Artak Hamazaspyan, CTO Mittal Patel, COO John Galvagno, and Director of Engineering Federico Almaraz. Truthfully, integrating the Hummingbot will probably be too inconvenient or complicated for most to endure, but it’s a great option for serious algo traders nonetheless. The Beaxy exchange interface is fairly advanced, with charts powered by TradingView, eight different order types, and state-of-the-art order books.

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